Automotive IoT Market 2019: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024
The recent published research report sheds light on critical aspects of the global Automotive IoT market such as vendor landscape, competitive strategies, market drivers and challenges along with the regional analysis. The report helps the readers to draw a suitable conclusion and clearly understand the current and future scenario and trends of global Automotive IoT market. The research study comes out as a compilation of useful guidelines for players to understand and define their strategies more efficiently in order to keep themselves ahead of their competitors. The report profiles leading companies of the global Automotive IoT market along with the emerging new ventures who are creating an impact on the global market with their latest innovations and technologies.
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The recent published study includes information on key segmentation of the global Automotive IoT market on the basis of type/product, application and geography (country/region). Each of the segments included in the report is studies in relations to different factors such as market size, market share, value, growth rate and other quantitate information.
The competitive analysis included in the global Automotive IoT market study allows their readers to understand the difference between players and how they are operating amounts themselves on global scale. The research study gives a deep insight on the current and future trends of the market along with the opportunities for the new players who are in process of entering global Automotive IoT market. Market dynamic analysis such as market drivers, market restraints are explained thoroughly in the most detailed and easiest possible manner. The companies can also find several recommendations improve their business on the global scale.
The readers of the Automotive IoT Market report can also extract several key insights such as market size of varies products and application along with their market share and growth rate. The report also includes information for next five years as forested data and past five years as historical data and the market share of the several key information.
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Global Automotive IoT Market by Companies:
The company profile section of the report offers great insights such as market revenue and market share of global Automotive IoT market. Key companies listed in the report are:
Drivers and Restraints
The automotive IoT is internet connected vehicles that can communicate with other vehicles and infrastructures. With the growing number of vehicles, especially in the urban locations, the need for real-time traffic alert is escalating. With the Internet of Things, it is possible to update the end-users about congestions on the road and alternate routes on the real time. This factor is the most prominent factor driving the market for automotive IoT. Considering it as the future of the automobile sector, several companies with financial might are aggressively investing on the research and development of new products and technologies pertaining to automotive IoT. This encouragement is significantly benefitting the global automotive IoT market. Growing number of telematics mandates by several governments, escalating demand for assisted and automated driving to reduce accidents, and exponential rise in smartphone usage are some of the other factors propelling the market. However, as this technology is still in development stage, it is not cost-effective, which is acting as a hindrance for the market’s growth rate.
Currently, in-vehicle communication contributes the maximum demand as far as communication type segment is concerned, providing accurate route to a user with real-time traffic updates, while infotainment accounts for the most demand in terms of application segment. Users can now use multimedia support and smart apps to connect with multi-modal user interfaces in the systems installed in vehicles, and enjoy streaming music, Internet radio, and social networking apps.
Global Automotive IoT Market: Regional Outlook
North America currently serves the maximum demand among all regions for automotive IoT, especially from the developed countries of the U.S. and Canada, which resides research and development units of several prominent companies. Consumers in these two countries have high buying power and high awareness levels about the new technology. The convergence of ICT sector, the automotive industry, and the transportation sector, is also expected to boost the North America automotive IoT market.
Companies mentioned in the research report
Some of the prominent companies currently operational in global automotive IoT market are Apple Inc., IBM Corporation, Cisco Systems Inc., Microsoft Corp., Intel Corporation, NXP Semiconductors N.V., Texas Instruments Inc., TOMTOM N.V., Thales SA, AT&T Inc., Vodafone Group, Robert Bosch GmbH, Google Inc., General Motors, Audi AG, and Ford Motor Company.
Global Automotive IoT Market by Geography:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
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Some of the Major Highlights of TOC covers in Automotive IoT Market Report:
Chapter 1: Methodology & Scope of Automotive IoT Market
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary of Automotive IoT Market
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Automotive IoT Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Automotive IoT Market, By Region
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis